Best Gives LA Self Insurers Fund A- Rating

A.M. Best Co. has assigned an initial financial strength rating of A- (Excellent) to Louisiana United Businesses Self Insurers Fund a.k.a. LUBA Workers' Comp (Baton Rouge, LA). The rating outlook is stable. The rating reflects LUBA Workers' Comp's strong risk-adjusted capitalization, its profitable underwriting and excellent operating performance, as well as its strong business profile in the Louisiana workers' compensation market. These positive rating factors are somewhat mitigated by the Fund's business concentration in a single line and state, which magnifies its exposure to competition...